Artemis Gold Provides Update on Process Plant Construction for the Blackwater Mine
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
March 20, 2023 TSXV: ARTG
PRESS RELEASE
Artemis Gold Provides Update on Process Plant Construction for the Blackwater Mine
Vancouver, British Columbia – March 20, 2023 – Artemis Gold Inc. (TSX-V: ARTG) (“Artemis Gold” or
the “Company”) is pleased to provide an update on work completed on the Blackwater Mine process
plant by the Company’s Engineering, Procurement and Construction (“EPC”) contractor, Sedgman
Canada Limited (“Sedgman”).
As of the end of February 2023, Sedgman has completed approximately 63% of the detailed engineering
for the processing plant.
On the procurement front , over 90% of the total processing equipment packages have been awarded.
This includes key items such as the ball mill, gyratory crusher, apron and reclaim feeders, the secondary
and tertiary crushers, slurry and solution pumps, the pre-leach and carbon in leach tankage, vibrating
screens, and the gravity concentrators. Manufacturing has commenced and is proceeding in accordance
with the relative fabrication vendor schedules/timelines (see photos enclosed).
Sedgman has filled all key positions for its team at the Blackwater site . T here are over 80 full time
personnel in the Vancouver office who are currently assigned to the Blackwater Mine project. Sedgman’s
key on-site management personnel have either commenced with the company or have been appointed.
Looking ahead to Q2-2023, Sedgman will continue to mobilize personnel to the Blackwater site and focus
on finalizing site establishment and commen cing civil works and subsequent concrete pours at major
foundations within the process plant area. Deliveries of procurement packages will start arriving on site
in early Q2-2023, and first concrete pours for major foundations are also scheduled to commence in early
Q2-2023.
Further updates will be provided in due course.
Manufacturing photos of processing equipment
Gyratory Crusher Top Shell Gyratory Crusher Main Shaft
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
Ball Mill Ring Gear Casting Ball Mill Head Section
Ball Mill Shell Fabrication Ball Mill Shell - Flange Section
CIL Tank Strakes Post Cutting & Machining Gravity Concentrators
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
-30-
Sedgman Canada Limited is a wholly owned subsidiary company of Sedgman Pty Limited, a CIMIC
Group company. CIMIC Group is an engineering -led construction, mining, services and public private
partnerships leader working across the lifecycle of assets, infra structure and resources projects. CIMIC
Group comprises our construction businesses CPB Contractors, Leighton Asia and Broad, our mining
and mineral processing companies Thiess (joint control) and Sedgman, our services specialist UGL and
our development and investment arm Pacific Partnerships – all supported by our in -house engineering
consultancy EIC Activities. Our mission is to generate sustainable returns by delivering innovative and
competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and
around 25,500 people in around 20 countries, we strive to be known for our principles of Integrity,
Accountability, Innovation and Delivery, underpinned by Safety.
Qualified Person
Jeremy Langford, FAUSIMM, a Qualified Person as defined by National Instrument 43-101, has
reviewed, and approved the scientific and technical information in this news release.
ARTEMIS GOLD INC.
On behalf of the Board of Directors
“Steven Dean”
Chairman and Chief Executive Officer
+1 604 558 1107
For further information
Investor Relations contact
Gerrie van der Westhuizen
Chief Financial Officer and Corporate Secretary
+1 (604) 558-1107
Media relations contact
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts re sponsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain “forward looking statements” and certain “forward-looking information”
as defined under applicable Canadian and U.S. securities laws. Forward -looking statements and
information can generally be identified by the use of forward -looking terminology such as “may”, “will”,
“expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “potential” or similar terminology.
Forward-looking statements and information are not historical facts, are made as of the date of this news
release, and include, but are not limited to, statements regarding the potential of the Project; the jobs to
be created in connection with the Project; the contribution of the Project to the economy; opinions of the
Province of British Columbia regarding the Project and the region; agreements and relationships with
Artemis Gold Inc. | 595 Burrard St., Suite 3083, Vancouver, BC V7X 1L3
Phone: 604.558.1107 [email protected] www.artemisgoldinc.com
Indigenous partners; the future of mining in British Columbia; the plans of the Company with respect to
the Project, including construction, site preparation, clearing, consultation with indigenous groups ;; and
other plans and expectations of the Company with respect to the Project. These forward -looking
statements involve numerous risks and uncertainties and actual results may vary. Important factors that
may cause actual results to vary include without limitation, risks related to the ability of the Company to
accomplish its plans and objectives with respect to the de velopment of the Project within the expected
timing or at all, the timing and receipt of certain required approvals, changes in commodity prices,
changes in interest and currency exchange rates, risks inherent in exploration and development activities,
changes in development or mining plans due to changes in logistical, technical or other factors,
unanticipated operational difficulties (including failure of plant, equipment or processes to operate in
accordance with specifications, cost escalation, unavaila bility of materials, equipment or third party
contractors, delays in the receipt of government approvals, industrial disturbances, job action, and
unanticipated events related to heath, safety and environmental matters), the COVID -19 pandemic,
political risk, social unrest, changes in general economic conditions or conditions in the financial markets,
and other risks related to the ability of the Company to proceed with its plans for the Project and other
risks set out in the Company’s most recent MD&A. In making the forward-looking statements in this news
release, the Company has applied several material assumptions, including without limitation, the
assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; (2) the
receipt of any necessary approvals and consents in connection with the development of the Project; (3)
the availability of financing on suitable terms for the development, construction and continued operation
of the Project; (4) sustained commodity prices such that the Project remains economically viable; and (5)
that the COVID-19 pandemic and restrictions related thereto will not materially impact the Company or
prevent the Company from operating its business as planned. The actual results or performance by the
Company could differ materially from those expressed in, or implied by, any forward-looking statements.
Accordingly, no assurances can be given that any of the events anticipated by the forward -looking
statements will transpire or occur, or if any of them do so, what impact they will have on the results of
operations or financial condition of the Company. Except as required by law, the Company is under no
obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking
statement, whether written or oral, that may be made from time to time, whether as a result of new
information, future events or otherwise, except as may be required under applicable securities laws.